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Increasing fintech won't displace banks: Moody's

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The rise of financial technology (fintech) firms highlights the shift to digital in financial services but banks will retain a place at the centre of the industry and continue to work both alongside and in competition with new entrants, said Moody's Investors Service.

Singapore

THE rise of financial technology (fintech) firms highlights the shift to digital in financial services but banks will retain a place at the centre of the industry and continue to work both alongside and in competition with new entrants, said Moody's Investors Service.

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